West Des Moines, Iowa — A.M. Best Company, a global rating agency focused on the insurance industry, has announced the affirmation of Homesteaders Life Company’s financial strength rating of A- (Excellent) with a stable outlook.
“We take very seriously the promises we make to our customers and maintain a financial discipline that ensures we are well positioned to offer long-term security and stability to our policy owners, customers, distributors and employees,” Homesteaders Executive VP-CFO Steve Pick observed. “The A.M. Best affirmation represents a significant vote of confidence in our financial management philosophy and our ability to meet our obligations.”
Pick added that 2017 was a solid year for the company, characterized by continued growth in assets, surplus and sales production.
“At Homesteaders, we only do one thing – secure, reliable preneed funding – and, accordingly, we invest all of our time and resources into doing that one thing exceptionally well,” Homesteaders President and CEO Steve Shaffer affirmed. “We are pleased A.M. Best continues to recognize the success of our responsible financial management and commitment to be there for families when claim time comes.”
To learn more about Homesteaders’ financial stability, download the company’s most recent annual report of company performance.
Homesteaders Life Company, a mutual company owned by its policy holders, is a national leader providing products and services to promote and support the funding of advance funeral planning and end-of-life expenses.
A.M. Best Company (ambest.com) is the world's oldest and most authoritative insurance rating and information source.